American Express Archives - CFO

AmEx Fires Workers Over Payments Sales Pitches

AmEx Fires Workers Over Payments Sales Pitches

Reps made inappropriate sales pitches to business customers about the tax benefits of using AmEx's wire payment services.

By Matthew Heller | November 23, 2021

AmEx Buys Kabbage in SMB Solutions Move

AmEx Buys Kabbage in SMB Solutions Move

The deal "accelerates our plans to offer U.S. small businesses an easy and efficient way to manage their payments and cash flow digitally in one place."

By Matthew Heller | August 18, 2020

Reduced T&E Spending Continues to Hit AmEx

Financial Performance

Reduced T&E Spending Continues to Hit AmEx

AmEx is "in a tricky situation because they have a large corporate book and a big T&E book and those are the parts in the world’s economies that are weak."

By Matthew Heller | July 24, 2020

AmEx Takes Profit Hit, Plans Spending Cuts

Financial Performance

AmEx Takes Profit Hit, Plans Spending Cuts

"The first two months of 2020 continued the strong momentum we have delivered over the past two years, but we’re now in a different world."

By Matthew Heller | April 24, 2020

American Express Shares Jump on Revenue Gain

Financial Performance

American Express Shares Jump on Revenue Gain

The Q4 results "demonstrate the success of our strategy to generate sustainable, profitable growth across the enterprise over the long term.”

By Matthew Heller | January 24, 2020

American Express Beats Q2 Earnings Estimates

Financial Performance

American Express Beats Q2 Earnings Estimates

Performance was driven by “a well-balanced mix of spending volumes, lending income, and card fees.”

By Lauren Muskett | July 19, 2019

American Express Buys Restaurant Booking Service Resy

American Express Buys Restaurant Booking Service Resy

This is the third acquisition of a dining-industry platform for American Express in less than two years.

By Lauren Muskett | May 15, 2019

Amex, Amazon Rolling Out Small-Biz Credit Card

Amex, Amazon Rolling Out Small-Biz Credit Card

Amazon Prime members can choose between a 90-day interest-free period and 5% cash back.

By William Sprouse | October 23, 2018

Tax Law Knocks American Express Into the Red

Tax Law Knocks American Express Into the Red

The company posted its first net loss in a quarter of a century but adjusted earnings and revenue beat analysts' estimates.

By Matthew Heller | January 19, 2018

Rewards Spending Cuts Into AmEx Profit

Financial Performance

Rewards Spending Cuts Into AmEx Profit

The company's consolidated expenses rose 21% to $5.8 billion in Q2 as it tried to keep affluent customers from switching to rivals.

By Matthew Heller | July 20, 2017

AmEx Sales Drop 2% to $7.9B, Beat Estimates

Financial Performance

AmEx Sales Drop 2% to $7.9B, Beat Estimates

The company has been more aggressively marketing its products and making changes to the Platinum Card to recover from the loss of its Costco partnership.

By Matthew Heller | April 19, 2017

Companies See Growth Overseas, Despite Post-Election Concerns

Companies See Growth Overseas, Despite Post-Election Concerns

Ninety percent of 500 companies surveyed agree international markets offer considerable growth opportunities.

By Sean Allocca | November 7, 2016

Rising to the Challenge

Rising to the Challenge

Twenty CFOs who have career-defining tests ahead.

By CFO Staff | September 15, 2016

Amex Online Platform Targets Small Businesses

Credit & Capital

Amex Online Platform Targets Small Businesses

The Amex program, called Working Capital Terms, will offer loans from $1,000 to $750,000.

By Matthew Heller | July 5, 2016

Synchrony Loss Warning Jars Market

Synchrony Loss Warning Jars Market

Is a new round of consumer credit losses on the way for financial institutions?

By Matthew Heller | June 15, 2016